solved: Issue with X3 not recalling correct Open Project Folder

Just did a new install (newly formatted system) of X3, however it is not recognising the default folder I have specified for Project Files and keeps defaulting to opening the Template folder??
 
I do have load Normal template (modified) set to on, but this has never been an issue in the past as Sonar has always gone to the folder set for the opening of projects...has anyone else experienced this, and if so how did you fix it?
 
Thanks